Raimonds Freimanis has been appointed as the temporary chairman of the board at LDz Cargo as the previous chairman, Alģirds Miķelsons, transitions to a new professional path.
The Latvian company LDz Cargo has announced the temporary appointment of Raimonds Freimanis as the chairman of its board, effective from February 9, following the decision of the current chairman, Alģirds Miķelsons, to change his professional direction. Miķelsons will officially conclude his board duties on February 23, but will continue as a board member until that date to aid in the transition. In tandem with this leadership change, the company's board has appointed a temporary board member, Artūrs Cīrulis, who will join the board on February 23 to ensure the continuity of board operations after Miķelsons' departure. Additionally, the company plans to initiate the selection process for permanent board members by forming a nominations committee soon. Financial information provided by Lursoft indicates that LDz Cargo encountered a revenue of 100.37 million euros in 2024, which represents a 25.3% decline compared to the previous year. The company's losses were reported at 29,219 euros, although this is a significant reduction from losses encountered in 2023, indicating a stabilizing financial performance amidst leadership changes.
